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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (3276)	7/16/1998 12:37:00 PM
From: fut_trade	Respond to of 13953

>but I would like to know what happened first. We may never know :) I think E*Trade has improved a great deal though.

To: Oeconomicus who wrote (3276)	7/16/1998 1:31:00 PM
From: Spytrdr	Read Replies (2) \| Respond to of 13953

Softbank seen on acquisition trail By Frank Barnako, CBS MarketWatch Last Update: 06:12 PM July 15, 1998 Yahoo Inc. announced Wednesday it completed a sale of 1.3 million new shares of stock to Softbank Holdings Inc. This brings the Japanese company's equity in Yahoo! (YHOO) to 31 percent, up from 29 percent, further expanding its Internet holdings. Late last week, Softbank agreed to invest $400 million for a 27.2 percent equity interest in online broker E*Trade Inc. (EGRP) It is also the majority owner of Ziff-Davis Inc. (ZD) Other ventures in which Softbank has an interest include Verisign Inc. (VRSN), Cybercash (CYBR), US Web, the Comdex computer industry trade shows, and GeoCities. But, as the commercials say, "Wait, there's more to come." Industry sources say another Softbank Internet investment can be expected within a few weeks. "They are on a mission to build the digital infrastructure," said Greg Jarboe, Ziff-Davis Inc.'s (ZD) director of corporate communications "Softbank president Masayoshi Son puts it this way: If you create the road, it doesn't matter what kind of car drives on it. You can still set up the toll booth, or build a service station at the side of the road." Jarboe said Son's confidence the Internet will change the global economy more significantly than anything in the past 150 years is borne out by the fact the company, a year ago, had invested more in Internet businesses than any venture capital firm. "Softbank is not investing in Internet companies to make quick money, Jarboe said. "The strategy is to find the 'best of breed', which is both a good business and has or is using a technology which is important to more than just one application."